Yotta is a savings app that aligns people with their ultimate savings goals in a fun manner. Users are rewarded for saving and this acts as a motivation for saving more. Yotta offers a variety of referral promotions that can help users add to their savings exchequer. Currently, Yotta is offering 100 free tickets as a welcome bonus which can be used in the weekly contests to win up to $10,000,000 weekly through random drawings.
This free app provides FDIC-insured savings account offering a 0.2% base interest rate and weekly prize money in the form of lottery winnings. The effective interest rate of Yotta is 3-4% which is higher than the national average savings account interest rate offered by the biggest banks in America like Citibank, Bank of America, and Wells Fargo. Yotta partners with high-value banks offering better rates. A portion of the interest is pooled together from high-value banks which are then offered via prizes ranging from 10 cents to a grand prize worth $10 million.
Users can earn 10% of their purchase amount back using a Yotta debit card in the form of tickets for the upcoming week’s sweepstakes. You can expect payment two days early on using the Yotta account as their direct paycheck or deposit destination. Direct deposit offers a chance to users to receive 1 in 150 swipe odds. There is also a chance of earning 5% bonus tickets with every paycheck. Being an FDIC-insured account, Yotta offers risk-free savings like a regular bank. No fees are levied for depositing money into or withdrawing from your Yotta account.
Yotta Welcome Bonus Referral Code & Free Tickets
Users can avail of 100 free tickets worth $2500 in deposits on registering with the referral code mentioned below.
- TONY1
- ANTHONY196
- TREVOR1
- ANIK1
- BONUS100
- ESHP673B
- TOBIAS1
- ARYA31N
- TEJAS8
- HONEY
- SUSAN152
- LACY27
You can get the bonus tickets after making your first deposit in multiples of $25. These tickets can be used in the upcoming weekly contest. On receiving the tickets users can pick seven numbers for each ticket or opt for the auto select option. A random number is drawn by Yotta every night at 9:00 PM EST and the final number is drawn on Sunday night. Your chances of winning heighten with greater numbers you match. You stand a chance of scoring the $10 million jackpot by matching all seven numbers. Because of tax, annuity, and the workings of lottery winnings, users can expect to get a lumpsum payment of $5.8 million. You will be sent the necessary tax forms for earning more than $600 per calendar year.
Yotta Referral Program
When a friend uses your unique invite code to register for a Yotta savings account and makes a deposit, both of you will get 100 free tickets for the upcoming weekly lottery. You can find your unique invite code in the Yotta account and share it with friends.
Yotta Deposit Scheme
For every $25 saved on Yotta, you will be eligible to get a recurring ticket into weekly number draws. Thus, a deposit of $50 will offer users two tickets weekly without the requirement of fresh deposits. The funds can be withdrawn at any time with a maximum ceiling of six times a month. The tickets earned from Yotta Savings do not expire and get renewed automatically every week provided you maintain the savings balance in Yotta.
Yotta Crypto Buckets
This new feature allows users to earn an average of 4% APY with 2.5 times more tickets in weekly drawings. The USD holding of customers gets automatically converted to USDC and you can convert it back to USD at any time without any hassle.
Yotta is a fun way of saving money for free. Being a financial technology company, Yotta operates with the sole mission of helping customers gain financial security through life-changing cash rewards. As per the Federal Reserve, 40% of the American population can’t gather even $400 in the event of an emergency. This places a big share of the country’s population in a financially vulnerable state. Despite struggling to save, Americans spend around $80 billion yearly on lottery which comes down to $640 per household. Yotta offers an easy fix to this problem by offering greater economic value compared to most savings accounts and infusing a fun element in the whole process. Even if you can’t win the lottery, your money still grows substantially.